Maryland seeks global offshore role
The Maryland Energy Administration (MEA) has unveiled a $700,000 program aimed at helping state businesses gain a foothold in the global offshore wind market.
The Market Entry Assistance Grant Program is the first initiative to originate from the state’s Offshore Wind Business Development Fund. The funding will help reduce costs associated with establishing commercial offshore wind sector exports.
Grants will be available for up to $25,000 for organizational needs and up to $500,000 to support significant equipment investments.
"It is important that we support innovative Maryland businesses that seek a dominant position in the offshore wind supply chain with products that challenge the established European market," says MEA Director Abigail Ross Hopper.